Constellation Software (OTCMKTS:CNSWF) Stock Falls 6.2% – What’s Next?

Constellation Software Inc. (OTCMKTS:CNSWF)’s stock price fell 6.2% on Monday. The stock traded as low as $2,283.00 and last traded at $2,345.00. 449 shares traded hands during trading, a decline of 95% from the average daily volume of 9,731 shares. The stock had previously closed at $2,500.00.

Analysts Set New Price Targets

A number of research analysts have issued reports on the stock. Jefferies Financial Group restated a “buy” rating on shares of Constellation Software in a research report on Thursday, August 13th. Zacks Research cut shares of Constellation Software from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, July 29th. One investment analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat, Constellation Software has a consensus rating of “Buy”.

Constellation Software Price Performance

The company has a market capitalization of $49.27 billion, a price-to-earnings ratio of 51.15 and a beta of 0.96. The company has a 50-day moving average price of $2,185.53 and a 200-day moving average price of $2,008.70. The company has a debt-to-equity ratio of 0.79, a quick ratio of 0.89 and a current ratio of 0.90.

Constellation Software (OTCMKTS:CNSWF) last announced its quarterly earnings results on Tuesday, August 11th. The company reported $28.70 earnings per share for the quarter, beating analysts’ consensus estimates of $27.81 by $0.89. The business had revenue of $3.33 billion for the quarter, compared to the consensus estimate of $3.36 billion. Constellation Software had a net margin of 7.29% and a return on equity of 49.07%. On average, equities research analysts expect that Constellation Software Inc. will post 119.33 EPS for the current fiscal year.

About Constellation Software

Constellation Software Inc is a Canadian software company that acquires, develops and operates businesses specializing in vertical market software—applications designed for the needs of particular industries or customer groups. Its products support specialized business processes across a range of markets.

The company’s software businesses serve customers in both the public and private sectors, providing solutions such as operational and administrative software, along with related maintenance and support.